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French Telco Alcatel Buys PacketVideo Mobile Video Server Unit

Authored by Mark Hefflinger on November 21, 2003 - 7:09am.
Paris -- French telecommunications firm Alcatel announced on Friday that it has acquired the mobile video server business of San Diego-based PacketVideo, a developer of streaming video technology for mobile devices. Financial terms of the transaction, which does not include PacketVideo's device technologies, were not disclosed. PacketVideo will continue to operate as a developer of streaming video software for mobile devices. PacketVideo's Network Solutions video server business serves customers including NTT DoCoMo, T-Mobile, Orange, Mobilkom, New World Mobility and others. Alcatel said the purchase will strengthen its offering for portals, application service providers, content aggregators and mobile operator customers.
http://www.alcatel.com/vpr/?body=/latestnews/19112003_4uk
http://www.packetvideo.com
tags: Mobile | PacketVideo | Alcatel | French |

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